Blitz Week

Register for FierceTelecom Blitz Week - June 15-18

As the telecom industry moves forward in the age of new technology, FierceTelecom Blitz week addresses the questions of how platforms, providers, and more will modernize to keep up with these fast-paced changes and their current status of implementing these changes. Join us June 15-18 to dive deep into the world of telecom transformation.

Scotiabank Wireline said in a research note that Verizon’s wireline revenue came in lower than it expected due to continued losses in Enterprise.

“Revenue came in at $7.7B vs. our estimate of $7.8B, which we believe is largely due to Enterprise revenue declines of ~5%,” Scotiabank said in a research note.

The research firm added that Verizon is facing ongoing pricing demands from its large enterprise customers.

“As enterprise customers renew contracts, they are putting greater pressure on VZ to offer more attractive rates, which is causing a steady decline in the segment,” Scotiabank said. “We believe that this will continue for both F18 and F19 and, as a result, have lowered our revenue estimates for the wireline business.”

Jefferies agreed that “pressures in enterprise, SMB, and wholesale more than offset broadband growth.”